‘Lack of online food delivery experience’ in roles at UK firm concerns US hedge fund
Just Eat, the British online takeaway service, has come under fresh pressure from an activist investor, which is calling for it to merge with a rival rather than appoint a new chief executive.
Cat Rock Capital Management, a US hedge fund that owns a 1.7% stake in Just Eat, sent an open letter to its board to demand a merger with another online food delivery company within the next few months.
Source: The Guardian
Just Eat shareholder wants merger with rival instead of hunt for CEO